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Student Debt Consolidation Nampa ID

In this article, we will focus on federal student loans and consolidating through the government, but the same general guidelines for consolidation still apply to all types of student loans. You'll find further information on private student loans at the end of article. Please scroll down for information and access to the debt consolidation services in Nampa, ID listed below.

Alpha Lending
(208) 854-1122
7367 W Marigold St
Boise, ID
 
Debt Reduction Services of Idaho
(208) 378-0200
6213 N Cloverdale Rd
Boise, ID
 
Capitol Mortgage
(208) 854-7800
10074 W Fairview Ave
Boise, ID
 
American Title Loans
(208) 336-5667
106 S Latah St
Boise, ID
 
Boise Credit Card Debt Consolidation
(208) 639-9005
750 W Bannock St
Boise, ID
 
Check Into Cash
(208) 672-3003
10383 W Fairview Ave
Boise, ID
 
1st Choice Mortgage
(208) 375-5626
1110 N Five Mile Rd
Boise, ID
 
Vista Auto Sales
(208) 343-3889
1800 Vista Av
Boise, ID
 
Peterson Jake
(208) 433-9882
1215 W Hays
Boise, ID
 
American Title Loans/Latah Motors
(208) 345-6335
106 S. Latah
Boise, ID
 

Student Debt Consolidation

By Rachel Solomon
private debt consolidation.

According to MonsterTrak’s Annual Entry-Level Job Outlook, almost half of the 2007 graduating class had $25,000+ in student loans when they left school. There's no way to sugar-coat it: that's a pretty harsh "welcome into the real world" moment, and it helps explains why more and more reason grads are opting to shack up with mom and dad so they can save up money and pay off their debts.

But it's not all doom and gloom, players—we're here to help you figure out if you can make the system work in your favor through student debt consolidation, one of the most popular choices for grads struggling to pay off their loans. At a very basic level, consolidation provides three major benefits: it combines all of your separate student loans into one streamlined loan, fixes the interest rate (by taking a weighted average of the current interest rate on each of your loans), and can stretch out the repayment schedule (thereby reducing your monthly payments).

Needless to say, there are some storm clouds surrounding the silver lining of student debt consolidation. Once you’re comfortable with our Student Debt Overview and Understanding Loans and Debt guides, use this article to understand all the pros, cons, and intricacies of consolidation. Be sure to utilize your grace period—the six-month period when your lenders give you a reprieve from paying back any debt—to figure out your best options based on what type of debt you have.

  • Why should I consolidate my debt? (See below)
  • How do I prepare my debt to be consolidated?
  • How do I consolidate my debt?
  • Can I use a private debt consolidator?
  • In this article, we will focus on federal loans and consolidating through the government, but the same general guidelines for consolidation still apply to all types of loans. You'll find further information on private loans at the end and in our article on Private Debt Consolidation and Debt Forgiveness. Note: Federal loans include Stafford loans, PLUS loans, and others. But chances are you got them originally through a private company (e.g., your bank or Sallie Mae). If so, they're still federal loans and you can consolidate directly through the government.

    Ok, enough messing about. Let’s roll…

    Why Should I Consolidate My Debt?

    If you have the loot to repay all your debt now, or you only have one or two lenders to pay back, then consolidation may be unnecessary. But for many recent grads, there are three major benefits to this plan of action:

    Combining all of your loans simplifies the whole process and minimizes the risk of late payments. If you took out a different loan each school year, or even a different group of loans each year, then you might be stuck with 11 different loans with 11 different monthly repayment dates and 11 different interest rates. It's easy to see how missing a payment on one of your loans isn't far-fetched. And when it comes to ...

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